Benefits of simulation discuss the many costs that businesses face…

 Benefits of Simulation Discuss the many costs that businesses face…

Benefits of Simulation

Discuss the many costs that businesses face today.  Is it always practical to test new ideas via a ‘real life’ study – with participants, facilities, etc?  If not, how can a simulation be utilized to test ideas while keeping costs manageable?  

If a simulation is used, what steps are needed in order to have a successful model?

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